Reader’s Question:

I’ve smoked in the past but I have quit cold-turkey, and have not had a light for two years already, do you think I can have my life insurance policy here in Jacksonville, Florida re-evaluated?

Savannah

Jacksonville, FL

Good question! Whether or not you can have your life insurance policy re-evaluated into a Non-smokers premium or rate would entirely depend on your life insurance provider’s rules or policies. The good news here is that most life insurance providers are flexible enough to allow you to have your existing life insurance coverage to be re-evaluated if there are general improvements in your health, or recovery from a specific illness or medical condition. The same principle could also be applied if you are able to show to your life insurance provider that you have not had a cigarette for a while.

How to go about letting your life insurance provider know you are smoke-free could be another story. Your Life insurance provider, of course, would not just take your word for it. You maybe required to undergo a medical exam, or possibly a series of medical exams, there in Jacksonville, Florida to really determine that you have quit smoking and is entitled to receive a Non-smokers rate. And if you do qualify, the difference in savings can be quite significant. On average, smokers will pay about three times more on life insurance coverage, as compared to someone who does not smoke, on a similar policy. It would be best to consult your life insurance policy, or better yet, contact your provider directly to ask about the specifics.

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